A Private Prison Expert

A few years ago I conducted a national study of private prison costs. The results were published in two papers, one written for the Foundation and the other for the Maryland Public Policy Institute. The editor of an important book on the subject and a professor of my acquaintance at George Mason recently [...]

Election Postscript

Of the 12,167 certified “provisional” ballots cast for Bush or Kerry in New Mexico Bush received less than 40 percent. Does that seem suspicious?

TennCare in Intensive Care — Probably Won’t Survive

It looks like Tennessee’s experiment with single payer health care is over. Here is today’s WSJ opinion (subscription required). This excerpt will give you the idea:
“In 1994, Tennessee passed what was then a very hot New Democrat idea — call it government managed care — a version of the reform the former first lady was [...]

Nota Bene, Secret Santa

Four years ago, associate professor of statistics, vegetarian and former Greenpeace member, Bjorn Lomborg rattled some cages with a dispassionate, sensible look at the environment. He calls his latest brainchild the Copenhagen Consensus. He brought together 10 of the world’s most prominent economists (including three Nobel laureates), provided them with a team of [...]

Flying Pigs

Daniel Akst, who is guest blogging at Marginal Revolution.com, summarizes the fuel and environmental costs imposed on us by fat flyers. I wonder why airlines cannot internalize these costs either by charging fat fees or by offering successful dieters’ deductions?

What Fun!

In my post last Sunday I emphasized three margins to help you assess presidential election strategies. The turnout margin for Republicans turned out to be decisive, making the other margins irrelevant nationwide. It sure is fun to be right!
Even though the other margins are irrelevant nationwide, the Democrat’s fraud margin is getting interesting play here [...]

Assessing Election Strategies

Thankfully the election will be over in two days. The presidential election appears to be quite close. However it turns out, the economic way of thinking may help you assess the success or failure of each party’s strategies.
Economists think at the margin. Margins are net changes from an existing situation. Taking the existing situation as [...]

The Nobels

Today, the Royal Swedish Academy of Sciences announced that it will award the 2004 Nobel Memorial Prize in Economics to Finn E. Kydland and Edward C. Prescott. Kydland and Prescott have made some fascinating and important contributions to macroeconomics over the past quarter century. They are often referred to as founding fathers of [...]

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